Short Interest in SITC International Holdings Company Limited (OTCMKTS:SITIY) Drops By 12.3%

SITC International Holdings Company Limited (OTCMKTS:SITIY) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 107 shares, a decline of 12.3% from the December 31st total of 122 shares. Based on an average daily trading volume, of 274 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 274 shares, the days-to-cover ratio is presently 0.4 days.

SITC International Stock Performance

Shares of SITC International stock opened at $38.04 on Tuesday. The business has a 50-day moving average of $35.57 and a 200 day moving average of $36.29. SITC International has a 12 month low of $19.86 and a 12 month high of $40.77.

SITC International Company Profile

SITC International (OTCMKTS:SITIY) is a Hong Kong–based container shipping and logistics company specializing in shortsea and regional liner services. The firm operates a fleet of owned and chartered vessels that transport containerized cargo across major trade lanes in Asia, the Middle East and Eastern Mediterranean. Its core business encompasses scheduled sailing services, vessel chartering and feeder operations, catering to shippers of consumer goods, industrial components and bulk commodities.

In addition to its liner shipping activities, SITC provides integrated logistics solutions that include inland trucking, port handling, warehousing and door-to-door delivery.